Given below is the daily wage distribution of some 100 workers. WAGES($) FREQUENCY 5 ------ 6.99 8 7 ------ 8.99 12 10.99 15 11------12.99 20 13------14.99 18 15------16.99 10 17------18.99 8 19-----20.99 6 21--22.99 3 a) Determine the mean, median, and standard deviation, interpret your results. 00 00

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c) If wages are increased by 12% , how consistency would be effected.
d) If 15% of the workers are exempted from payment of tax, what is the limit of wage to be taxed.
e) If 12% of workers drawing top wages are to be paid supervisory allowance, what is the limit of
wage at which the allowance will be admissible.
f) Comment about skewness and kurtosis of the data using suitable measures based on moments.

Given below is the daily wage distribution of some 100 workers.
WAGES($)
FREQUENCY
5 ------ 6.99
8
7 ------ 8.99
12
9
10.99
15
11------12.99
20
13------14.99
18
15------16.99
10
17------18.99
8
19------20.99
6
21------22.99
3
a) Determine the mean, median, and standard deviation, interpret your results.
b) Determine the lower and upper quartiles, and the quartile deviation.
c) If wages are increased by 12% , how consistency would be effected.
d) If 15% of the workers are exempted from payment of tax, what is the limit of wage to be taxed.
e) If 12% of workers drawing top wages are to be paid supervisory allowance, what is the limit of
wage at which the allowance will be admissible.
f) Comment about skewness and kurtosis of the data using suitable measures based on moments.
Transcribed Image Text:Given below is the daily wage distribution of some 100 workers. WAGES($) FREQUENCY 5 ------ 6.99 8 7 ------ 8.99 12 9 10.99 15 11------12.99 20 13------14.99 18 15------16.99 10 17------18.99 8 19------20.99 6 21------22.99 3 a) Determine the mean, median, and standard deviation, interpret your results. b) Determine the lower and upper quartiles, and the quartile deviation. c) If wages are increased by 12% , how consistency would be effected. d) If 15% of the workers are exempted from payment of tax, what is the limit of wage to be taxed. e) If 12% of workers drawing top wages are to be paid supervisory allowance, what is the limit of wage at which the allowance will be admissible. f) Comment about skewness and kurtosis of the data using suitable measures based on moments.
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